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Jurisdictions
ANGUILLA
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GENERAL INFORMATION: |
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Anguilla is the most northerly of the Leeward Islands and is a British Dependent Territory. Britain maintains responsibility for defence and foreign affairs. The official language is English. The legal system is based upon the English Common Law with local modifications. Anguilla is a stable society and strong democracy, governed by an Executive Council of Ministers appointed from the Legislative Council of Elected Members, presided over by a British appointed Governor. There are excellent communications and the local currency is the Eastern Caribbean Dollar but the US Dollar is commonly used. There are no foreign exchange controls. |
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ANGUILLAN INTERNATIONAL BUSINESS COMPANY (IBC) Time to Incorporate: Within 1 hour (immediate delivery of electronic copy of documentation) |
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Formed pursuant to the International Business Companies Ordinance 2000. There is minimal reporting, no requirement for to file financial statements, no requirement to disclose beneficial ownership, no requirement to hold meetings on the island and no disclosure of Directors. Anguilla is a TAX-FREE haven. There is no income tax, capital gains tax or inheritance tax. A minimum of one shareholder is required. Shares can be issued in bearer or registered form. There is no requirement to have the details of the shareholder(s) on any public record. A minimum of one director is required and corporate directors are permitted. There is no requirement to have the details of the director(s) on any public record. There is no requirement to file accounts or annual returns. The only annual requirement is that the company must pay the relevant fee to the local government on the anniversary date of incorporation. In accordance with domestic company law the IBC must maintain a registered office address within Anguilla. The Confidential Relationships Ordinance 1981 makes it an offence punishable by a maximum fine of US$10,000.00 for any person to reveal confidential information including details of the owners and directors of an IBC formed in Anguilla.
NEVIS
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GENERAL INFORMATION: |
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Nevis is located in the Leeward Islands and about 2,000 km south-east of Miami. Nevis was a British Colony until 1983 when it gained independence and joined the Federation of St. Kitts and Nevis. The official language is English. The legal system is based upon the English Common Law. Nevis is a democracy based upon the British Parliamentary system with an elected local assembly. There are excellent communications and the local currency is the Eastern Caribbean Dollar which is fixed to the US Dollar. |
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OFFSHORE EXEMPT COMPANY (NBCO) Time to Incorporate: Two days (allow five days for delivery of documentation) |
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Formed pursuant to the Nevis Business Corporation Ordinance 1984. Although there is no requirement to submit or file audited financial statements, a Nevis company is required to maintain financial records to reflect the financial position of the company and no requirement to disclose beneficial ownership, no disclosure of Directors and no requirement to hold meetings on the island. A minimum of one Director is required. There is no requirement to submit accounts or annual returns. The only annual requirement is that the company must pay the relevant fee to the local government on the anniversary date of incorporation. |
